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All Educational Materials for ECON1002 at University of Sydney

Introductory Macroeconomics

ECON1002 Lecture Notes - Lecture 4: Potential Output, Consumption Function, Root Mean Square
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Wednesday, 23 August 2017 ECON1002 Lecture 4 (Week 4) Aggregate Expenditure (AE) AE = C + I + G + NX We are in the short run so prices and interest rates etc. are constant. Output is determined by planned aggregate exp...

Economics
ECON1002
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ECON1002 Lecture Notes - Lecture 2: Financial Innovation, Real Interest Rate, Retained Earnings
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Wednesday, 9 August 2017 ECON1002 Lecture 2 (Week 2) Consumer Price Index (CPI) You need to rst dene a base year. You then need to determine a basket of goods and services consumed. If the result you get is that CPI = ...

Economics
ECON1002
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ECON1002 Lecture Notes - Lecture 3: Output Gap, Reservation Price, Business Cycle
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Wednesday, 16 August 2017 ECON1002 Lecture 3 (Week 3) Demand for Labour Labour is represented by the letter (L). MRP L= MP L*p W = MRP L MP L = wp (wp) (wp)* MP L L* L A workers maximum wage will be the maximum benet...

Economics
ECON1002
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ECON1002 Lecture Notes - Lecture 5: Fiscal Policy, Government Spending, Substitute Good
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Wednesday, 30 August 2017 ECON1002 - Lecture 5 (Week 5) Fiscal Policy -Fiscal policy consists of: Government spending. Taxes and transfer payments. -Keynes arg...

Economics
ECON1002
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ECON1002 Lecture Notes - Lecture 1: Business Cycle, Deflation, Income Approach
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Wednesday, 2 August 2017 ECON1002 Lecture 1 (Week 1) Contact Information Unit coordinator: Mark Melatos mark.melatos@sydney.edu.au Consultation hours Mondays 3pm 5pm (Room 335) Fundamentals of Economics Why do people...

Economics
ECON1002
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ECON1002 Final: ECON1002-Final-Exam-Notes

Lecture 1: Introduction to Macroeconomics and Measuring Macroeconomic Performance (Output) Economics: social science that analyses the production, distribution consumption of goods services Ways of measuring macroeconomi...

Economics
ECON1002
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ECON1002 Lecture 1: ECON1002-notes-lectures

TEXTBOOK NOTES Chapter 1 Measuring Macroeconomic Performance: Output and Prices Microeconomics studies individual decision making processes and outcomes. Macroeconomics studies the aggregate impact of individual decisions....

Economics
ECON1002
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